I see AI like guitars: A guitar is only as good as the one who is playing it.

I also see AI as a way to differentiate yourself even more from people who don't understand the software they are shipping. With AI, there will be a lot more of these people than there already are and thus someone who not only knows how to use AI will be in more demand. I know what I am doing and can use AI.

This also means that there will be a lot more shit code out.¹

It might also be related to the invention of LED lamps: We didn't save energy by replacing old lamps, we simply used more lights, just more efficient.

So applying this to AI would mean that AI will not replace devs since it might mostly be used in companies who didn't even have devs before. People who never were devs will now use AI to write software to automate simple tasks for which hiring a dev was too expensive or was never considered for other reasons.